FXstreet.com (Buenos Aires) - Early Asia, both dollar and yen hold past week bearish bias against major rivals, thus Gbp also remains under pressure after surprise GDP contraction for sixth straight quarter. With New Zealand and Hong Kong markets close for holidays, majors likely to consolidate in range during next session; local stocks however, could follow past Friday's Wall Street loses, triggering some dollar rallies across the board.

EUR/USD quotes above 1.5000, and despite the level has been acting quite well as support, short term technical indicators seem exhausted to the upside suggesting some downside movements for the next hours. Supports come at 1.4970 and 1.4940 area, while above 1.5026 resistances come at 1.5060 and 1.5085 zone.